Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 7/5/2020

Image by Hermann Schmider from Pixabay

Are you planning to sell your home soon? Then this is the time to take care of those home improvements that will make your home more attractive to buyers. As a homeowner who's been through the sale process before, you know how important it is to make a good impression on buyers. What you may not know is which improvements deliver the best bang for the buck. The following home improvements can help you boost the value of your home and make your home more appealing to buyers. 

Repair Any Deferred Maintenance

Buyers shy away from homes with deferred maintenance. Whether you've let the little things slide, like broken door knobs and cracked windows, or your home needs a major repair like an all-new roof, take care of your deferred maintenance. Tell your agent about major repairs after they're finished, so your agent can mention those repairs in the listing.

Perform a High ROI Remodel or Installation

Some of the highest ROI remodels include:

  • Deck installation: 70%
  • Small kitchen remodel: 80%
  • Bathroom addition: 80%
  • The type of high ROI home improvement that's right for your home depends in part on the condition of your property. Work with a real estate professional to find out which type of remodel, renovation or addition is right for your property. 

    Spruce Up the Landscaping

    Curb appeal is crucial, because some buyers form their opinions the minute they pull up to the property. Buyers like a well-maintained, attractive yard with basic features like green grass, blooming flowers and healthy shrubs. Get rid of any dead or dying bushes or flowers, water your grass sufficiently so it's green when buyers see your home, and keep it well-trimmed. 

    Apply a Fresh Coat of Paint

    Paint is a low-cost, easy home improvement that can make your home look clean, fresh and newly decorated. Identify rooms in your home that are missing a sense of flair or beauty and paint the walls. You'd be amazed at how easily the space can be transformed. Choose colors that are neutral, like beige or gray. These colors are very popular and appeal to many home buyers. Avoid painting any space in your home in a bright color that will distract home buyers.




    Categories: Uncategorized  


    Posted by Thomas Murphy on 7/3/2020


    114 Sullivan Road , Yarmouth, MA 02673

    West Yarmouth

    Single-Family

    $425,000
    Price

    3
    Beds
    5
    Total Rooms
    2
    Baths
    First time offered in over 20 years. Pride in ownership shows throughout the owners have meticulously maintained the home. Deeded rights to Big Sand Pond with nicely maintained private beach. This property even has a deeded private road around a cranberry bog. { Bog Road} If you are looking for quiet setting on Cape Cod but easy access to all the Cape has to offer this is for you! This home has 3 bedrooms, 2 full baths, central Air conditioning, 2 car garage, large clean basement and private back yard. It comes with hardwood flooring in the living space and rugs in the bedrooms. New septic and professionally landscaped round out this exceptional home. This one will not be around long / ACT NOW!
    Open House
    No scheduled Open Houses

    Similar Properties





    Categories: Price Change  


    Posted by Thomas Murphy on 7/3/2020


    114 Sullivan Road , Yarmouth, MA 02673

    West Yarmouth

    Single-Family

    $423,000
    Price

    3
    Beds
    5
    Total Rooms
    2
    Baths
    First time offered in over 20 years. Pride in ownership shows throughout the owners have meticulously maintained the home. Deeded rights to Big Sand Pond with nicely maintained private beach. This property even has a deeded private road around a cranberry bog. { Bog Road} If you are looking for quiet setting on Cape Cod but easy access to all the Cape has to offer this is for you! This home has 3 bedrooms, 2 full baths, central Air conditioning 2 car garage, large clean basement and private back yard. It comes with hardwood flooring in the living space and rugs in the bedrooms. New septic and professionally landscaped round out this exceptional home. This one will not be around long / ACT NOW!
    Open House
    No scheduled Open Houses

    Similar Properties





    Categories: New Homes  


    Posted by Thomas Murphy on 6/28/2020

    Photo by Bilanol via Shutterstock

    You’ve heard all the sayings: “Location, location, location,” and the line in Robert Frost’s poem, “Good fences make good neighbors.” You’ve even made Abraham Lincoln’s saying your motto, “Discourage litigation. Persuade your neighbors to compromise whenever you can.” 

    Yet here you are, trying to sell our home, and the neighbors simply are not cooperating. They park vehicles in front of your house so that the “For Sale” sign is hidden, or they leave stuff in their yard that makes it unattractive. In your urgency to get your home sold, you take everything as a personal affront. What happened to those nice, friendly neighbors you’ve shared barbeques and fun with over the years?

    It May Not Be You

    It’s probably not even on their radar that their everyday actions cause you sleepless nights. The stress level is yours, not theirs. Here are some best practices for being neighborly when you put your house on the market.

    Let them know what’s happening. Tell them that you’ve gotten a job change, or are getting married or whatever the case is and that you need to sell your home. That way, they can be ambassadors for you. If they have friends or family that want to live near them, this is the perfect opportunity.

    Let them know what to expect. If your agent schedules an open house, let the neighbors know. After all, the street will have more traffic, and parking may be at a premium. The last thing you want is to have your open house the same day as their family reunion with no parking available for anyone.

    Invite them to visit your home during the open house. Neighbors are curious. If your homes are similar, upgrades you’ve done might spark ideas for their home. On a few occasions, neighbors have bought the house next door. Perhaps because it’s a better fit for their family, or it lets them remodel theirs without living in it.

    Let your neighbor know what will help your home sell, such as keeping the street in front of your house clear. Tell them that the more you sell your house for, the more it improves their home value. See if that doesn’t get them on our side.

    Introduce Your Agent

    Take a few moments to introduce your agent to your neighbors. That way, they’ll know who’s coming and going, and if it’s okay for people to be in your house when you’re not there. It also gives your agent a chance to talk about neighborhood values and point out the lovely features in your neighbor’s yard. A little flattery goes a long way toward promoting extra effort to make things look nice. 




    Tags: curb appeal   neighbors   Parking  
    Categories: Uncategorized  


    Posted by Thomas Murphy on 6/21/2020

    Photo by Nattanan Kanchanaprat via Pixabay

    Of course, you want to stay within your budget when buying a house. You certainly want value for your dollar. But a buyer should never lose sight of the fact what they truly desire is getting the home they want and that fits their needs. To that end, potential buyers may put in a “low-ball” offer on a house they truly want. They may risk losing a home that meets all of their qualifications by placing an offer that is five or ten thousand dollars less than a price the seller is willing to accept. What can be even more frustrating is that even if a buyer's offer is accepted by a seller, the buyer may just waste that money, or more, on the mortgage they acquire.

    Buyers may be surprised to learn how much even a half of one-percent difference in a mortgage rate can make.

    Example One

    In our first example, after a down payment, a buyer gets a mortgage for $250,000 over 30 years at 4.5% interest. The monthly payment would be about $1,267 monthly. Over the course of 30 years, those payments would total $456,120. The net cost of the loan is $206,120.

    Example Two

    In our second example, we take that same $250,000 mortgage over 30 years, but the buyer compared mortgage rates and was able to find a lender offering that same loan at 4.0% interest, one-half of one-percent less. The monthly payment would now be $1,194, totaling $429,840. The net cost of this loan is $179,840. The difference between the two loans is $26,280. All because of a .5% interest rate difference. 

    The Best Way to Save Money on a Home

    Rather than chancing to lose a home you really like by making an offer that is too low, consider instead performing due diligence on mortgage rates. Seeking out a lower rate can be critical in saving you five, ten or twenty thousand dollars or more. That's a far better solution than losing a home you really wanted.

    There are a lot of factors that go into determining loan rates for mortgages. These include the buyer's credit rating, work history, income to debt ratio and loan to value ratio. The bottom line is the better your credit the more options you will have in securing a mortgage loan.

    One of the best ways to save money on buying a home is saving money on your mortgage rates. The best way to do that is by monitoring your credit rating and working to build it. When it comes time to buy a home, get pre-qualified and compare mortgage rates. You can even use an online calculator to compare rates on your own. Need further assistance in determining how to find the right mortgage for you? Feel free to reach out, and we can embark on your mortgage and home journey together.




    Tags: mortgage   mortgage rates  
    Categories: Uncategorized